News & Insights

Joe Calabrese, a founder and Advisory Board member of The UHNW Institute, shines the spotlight on a chronic shortcoming among advisors to the ultra-wealthy: their frequent inability to seamlessly integrate and coordinate all the various services being provided to a particular client.

Dennis Jaffe, PhD interviews Susan Winer, the domain champion for Social Impact and Philanthropy. The conversation focused on how families can effectively and successfully use philanthropy to share family values across generations, the challenges that 2020 has posed to for donors and where philanthropy is situated relative to other legal, financial and family dynamics conversations that may take place between advisors and their clients.

Dennis Jaffe, PhD interviews Tom McCullough, The UHNW Institute champion overseeing the Integrated Financial Management domain, on issues around the financial, tax, investment and business competencies for handling wealth complexity. They focused on the foundational role of understanding and quantifying family financial goals, and the importance of building an integrated plan, across all of the key disciplines, to ensure those goals are met effectively and efficiently.

Thanks to Dennis Jaffe and Jim Grubman for sharing this article that addresses how complex family enterprise systems can benefit from two pillars of governance – an enterprise pillar and a family pillar.

Dennis Jaffe, PhD interviews Arden O’Connor, the domain champion overseeing Health and Wellness, on issues around physical health and mental well-being. They focused on how behavioral health issues, such as mental illness and substance abuse, impact wealthy families and what strategies can be used to facilitate positive, long-term outcomes.

In this white paper, the Institute provides a detailed look at the 10 Domains of Family Wealth framework. It includes a conceptual graphic of the domains and detailed lists of the knowledge base and skills needed to provide excellent client advice within each domain. The paper also offers a case study (the Medford Family) demonstrating the role of each domain in the lives and journey of an UHNW family.

The UHNW Institute has been working on a methodology spelling out what advisors should know in order to work more effectively with ultra-wealthy families, taking the level of expertise and area of competence to a new level.

NEW YORK, May 4, 2020 — The UHNW Institute, a leading non-profit think tank, today released a comprehensive intellectual framework intended to fill a major knowledge gap in the delivery of wealth management services to ultra-wealthy families.